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ISSUE: Student loan rates
OUR VIEW: Done deal
Two refreshing things took place in the nation’s capital Wednesday. First, in a bipartisan deal, lawmakers approved legislation that lowers student loan rates for the upcoming academic year to what they were in June, saving students a great deal of money.
On July 1, the interest rates for many student loans doubled because Congress, which is tasked with setting the rate, in all it’s gridlock glory, could not agree on a new rate or how to set it.
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